The administrative center of Hainan, Haikou, has created an official channel to promote investment cooperation with Russia and Russian-speaking countries. According to the Haikou Daily, the local authorities signed several agreements with the Russian side.
According to the news outlet, in order to enhance cooperation in this area, the Haikou Office for the Promotion of Investment Cooperation concluded online agreements with the Russian Solidarity Bank, the Russian-Asian Union of Industrialists and Entrepreneurs (RASPP), as well as with China Huaming International Investment.
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